The Long & Foster Market Minute
Focus On: Camden County Housing Market January 2017
Units Sold
454
Active Inventory
2,877
Median Sale Price
$148,000
Days On Market
88
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 15%
Vs. Year Ago
Down -16%
Vs. Year Ago
Down -4%
Vs. Year Ago
Down -2%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in January, with 454 sold this month in Camden County Real Estate versus 545 last month, a decrease of 17%. This month's total units sold was higher than at this time last year, an increase of 15% versus January 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 544 units or 16%. The total number of active inventory this January was 2,877 compared to 3,421 in January 2016. This month's total of 2,877 is lower than the previous month's total supply of available inventory of 2,920, a decrease of 1%.

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Median Sale Price
Last January, the median sale price for Camden County Homes was $154,900. This January, the median sale price was $148,000, a decrease of 4% or $6,900 compared to last year. The current median sold price is 2% lower than in December.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

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New Listings
919
Current Contracts
524
Sold Vs. List Price
96.8%
Months of Supply
6.3
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 14%
Vs. Year Ago
Up 35%
Vs. Year Ago
No Change
Vs. Year Ago
Down -27%
Vs. Year Ago
Months of Supply
In January, there was 6.3 months of supply available in Camden County, compared to 8.7 in January 2016. That is a decrease of 27% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

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New Listings & Current Contracts
This month there were 919 homes newly listed for sale in Camden County compared to 806 in January 2016, an increase of 14%. There were 524 current contracts pending sale this January compared to 388 a year ago. The number of current contracts is 35% higher than last January.

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Sale Price to List Price Ratio
In January, the average sale price in Camden County was 96.8% of the average list price, which is similar compared to a year ago.

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Days on Market
This month, the average number of days on market was 88, lower than the average last year, which was 90, a decrease of 2%.

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*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by TReND and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of TReND or Long & Foster Real Estate, Inc.